Saudi firm selects PIC Solutions to install Fair Isaac credit risk tool

Source: PIC Solutions

Al Yusr Installment Company, a vehicle finance organisation based in Riyadh, Saudi Arabia, has selected PIC Solutions to implement Global FICO Score.

Fair Isaac Corporation's Global FICO Score rank-orders consumers according to their credit risk. Designed to be consistently scaled across credit bureaux and across national borders, Global FICO Score has become the global standard for consumer credit risk assessment. The Fair Isaac technology underlying the Global FICO Scoring model enables quick deployment in any country with robust credit bureaux data.

In addition, the Global FICO Scores are complementary to custom application and behaviour models, and can be used alongside internal scores at all stages in the credit lifecycle to improve decisions throughout the lending process, from marketing and account origination to full portfolio management.

As Fair Isaac's partner for the Middle East and Africa region, PIC Solutions is dedicated to providing complete credit risk management solutions to clients in the region. During this assignment, PIC's experienced Middle East consultants will work closely with Al Yusr Installment Company to ensure the successful implementation of Global FICO Score.

Homam Hashem, Credit Cycle Manager at Al Yusr Installment Company, comments, "Through Global FICO Score we gain a clearer understanding of our client's credit risk and tailor our offerings to suit their different profiles. We selected PIC Solutions for their understanding of our ever-changing industry and we look forward to using this scoring solution to enhance our decision making process."

Stephen Leonard, Managing Director of PIC Solutions, adds, "Global FICO Score provides a highly predictive and consistent risk score to credit grantors wanting to evaluate consumer risk, streamline decision processes and increase profitability. By effectively using the predictive power of credit bureaux data, Al Yusr Installment Company can gain new opportunities for expansion while still controlling and monitoring their risk."

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